VP Bank Group acquires 40 per cent stake in Embla Fund Management AG
VP Bank Group is further expanding its position in the fund business and acquiring a 40 percent stake in Embla Fund Management AG. This stake makes it the new main shareholder and also gives it a seat on Embla's board of directors.
The strategic partnership creates synergies in the area of asset servicing. VP Bank's fund competence center specializes in custodian bank and fund administration functions in Luxembourg and Liechtenstein and offers a comprehensive range of services for the administration of UCITS and alternative investment funds. Embla Fund Management AG, in turn, specializes in services and tailor-made solutions in the fund industry and has in-depth knowledge of the management of alternative investments.
"The strategic partnership offers great potential for synergies. I am delighted that it will enable us to expand our range of services for our clients in a targeted manner," says Adrian Schneider, Head of the Liechtenstein Region and member of the Executive Board of VP Bank.
Embla Fund Management AG also welcomes the partnership: ‘We are very pleased about the cooperation with VP Bank. It opens up new perspectives for us to strengthen our offering in the area of asset servicing,’ explain Magnus Fehn and Gustaf Högstedt, founders and members of the Board of Directors of Embla Fund Management AG.